51005 Washington St New Baltimore, MI 48047

Listing agency Real Estate One-Chesterfield m***@gmail.com Show Phone

Listed by Mike Meldrum Show Phone

Source Elliman

Added: Apr 28 Updated: Jul 21 at 5:28PM Checked: Jul 21 at 5:28PM

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Investment Insights

Based on property information with market context.

Historic Baker Building corner commercial space with main-floor availability, currently undergoing a complete restoration. The premises will be delivered in white box condition, providing flexibility for tenant customization of layout, finishes, and functionality. Main level concrete flooring will not be poured until mechanical locations are finalized, allowing coordination of plumbing and other mechanical components with the tenant’s build-out plan.

Located in the heart of downtown New Baltimore, the property is described as highly visible and positioned for strong exposure. The area is noted for proximity to Lake St. Clair and for surrounding restaurants, retail, and established businesses. Accessibility is characterized as car-dependent based on provided walk score and bike score data.

Leasing structure is referenced as triple net (NNN). The landlord may also seek a percentage rent equal to 7% of the tenant’s gross business revenue with a disclosed revenue breakpoint.

Key Highlights

• Historic Baker Building main‑floor commercial space for lease in downtown New Baltimore.
• Pre‑leasing available; originally constructed in the late 1800s and currently undergoing complete restoration.
• Lease rate is $25/SF on a Triple Net (NNN) basis; estimated NNN costs are $4/SF.

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FAQs

What type of property is this?

Storefront property - Main floor retail/office suite is being restored and delivered in white box condition on a triple net basis.

Where is this storefront property located?

The property is located at 51005 Washington St New Baltimore, MI.

What is the lease rate?

The lease rate is $10,000 /Mo.

What are key features of this property?

This property features: Historic Baker Building main‑floor commercial space for lease in downtown New Baltimore.; Pre‑leasing available; originally constructed in the late 1800s and currently undergoing complete restoration.; Lease rate is $25/SF on a Triple Net (NNN) basis; estimated NNN costs are $4/SF.